Rocket Internet shares close down 13% on Frankfurt debut
German internet incubator and investor Rocket Internet saw its shares close down 13% on the first day of trading on the Frankfurt Stock Exchange following a EUR1.6 billion ($2 billion) IPO.
The firm sold 37.9 million new shares, including 4.9 million from an over-allotment option because of strong demand, at EUR42.50. The issue was at least 10 times over-subscribed and none of the existing...
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